HomeMy WebLinkAbout2008-09-01-R RESOLUTION NO. OO 8-9-1 —9
RESOLUTION OF THE CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF
BUSINESS TO PARTICIPATE IN THE TAX BACK PROGRAM AS AUTHORIZED BY
SECTION 15-4-2706(d) OF THE CONSOLIDATED INCENTIVE ACT OF 2003.
WHEREAS, in order to be considered for participation in the Tax Back Program, the local
government must endorse a business to participate in the Tax Back Program; and
WHEREAS,the local government must authorize the refund of local sales and use tax as
provided in the Consolidated Incentive Act of 2003; and
WHEREAS, said endorsement must be made on specific form available from the Arkansas
Department of Economic Development; and
WHEREAS, Scroll Compressors, LLC. located at 2895 Harrison Street, Batesville, AR. 72501
has sought to participate in the program and more specifically has requested benefits accruing
from construction and modernization of the specific facility; and
WHEREAS, Scroll Compressors, LLC. has agreed to furnish the local government all necessary
information for compliance.
Cw NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
BATESVILLE, ARKANSAS, THAT:
1. Scroll Compressors, LLC. Be endorsed by the City Council of the City of
Batesville, AR for benefits from the Sales & Use Tax Refunds as provided by
section 15-4-2706(d) of the Consolidated Incentive Act of 2003.
2. The Department of Finance and Administration is authorized to refund local sales
and use taxes to Scroll Compressors, LLC.
3. This resolution shall take effect immediately.
Honorable R<Ic E um , ayor
ATTEST:
9-
Denise Johnston DATE